The AOCE and WB have moderate overall forecasts for the metals in 2025 inline with IMF forecasts for a decline in economic growth and inflation, although we see the probability of a stagflationary scenario as still reasonably high.Read More
The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually eru...Read More
This year the post-global health crisis boom was brought to an end by a surge in inflation to forty-year highs, a major rise in global interest rates in an attempt to curb the rising prices and surging geopolitical risk after Russia's invasion of Ukraine. While precious metals held up reasonably well as markets turned to them as a risk hedge, by Q2/22 the higher interest rates put an end t...Read More
Chile is the world leader in copper production, at 28.5% of the total in 2020, and this looks set to continue, with the country having the largest global reserves, at 23.0% of total. It is also the global leader for molybdenum, which is often found along with copper, and is a major lithium player, holding 51.1% of global reserves. Read More
Newfoundland has become a gold exploration hotspot over the past few years, with the sector seeing some of its strongest activity ever. While the province remains a small contributor to Canadian gold production, it has a substantial mineral industry well supported by the government, focused on iron ore, copper and nickel, and the surge in exploration suggests that gold output from the...Read More
Nevada is the core of the U.S. gold output, accounting for by far the majority, at 75.4% on average for the past year. The state looks set to remain a dominant player in U.S. gold, as it accounts for 49% of total U.S. reserves, with Alaska slightly ahead with 51% of reserves, but just 8.6% of current production. The U.S. accounts for 6.1% of global gold output, making Nevada one of the largest gol...Read More
The Golden Triangle in northwestern British Columbia has historically been a major site of Canadian gold production, beginning as early as the mid 1800s. There was a wave of production in the 1990s which cooled as the gold price declined, but larger scale production resumed in 2017, and the area has seen surging exploration interest over the past year, given that the region has some of the largest...Read More
In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More
Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipWest Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.The Kasiya deposit in the African country contains 18 million tonnes of rutile, putting Iluka Resources' major Sierra Leone deposits (containing 8...Read More
Barrick Gold kicked things off with its 2019 merger of equals with Randgold Resources, while Newmont and Goldcorp followed with a combination the following year.Read More
Rambler produced 1,090 metric tons of copper and 483 ounces of gold at Ming in the three months to March 31, compared to 1,090 tons and 155 ounces in the fourth quarter of 2021.Read More
"The Biden Administration has made clear its strong commitment to securing domestic critical mineral supply chains by invoking the DPA for battery materials and making historic investments in theRead More
Kinross Gold Corporation will sell it mining assets in Russia to Jersey incorporated Highland Gold Mining group of companies for US$680 million in cash.Read More
West Africa an improved opportunitySPONSOREDMarvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Anglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining He's back in the spotlight after his technology and battery minerals investment vehicle Vision Blue Resou...Read More
(IDEX Online) - Swiss watchmakers may have to produce more subdued designs as a result of sanctions on Russia, a key supplier of diamonds, gold, platinum and other precious metals.Jon Cox, an industry analyst with the Kepler Cheuvreux financial services company, said concerns over raw materials would inevitably drive up prices."I imagine product development will move to more subdued luxury goods",...Read More
(IDEX Online) - Petra could axe 150 miners' jobs at its Koffiefontein mine, in South Africa, say union leaders.The National Union of Mineworkers (NUM) says it is "deeply angered" by the move.Mosepedi Sanane, regional secretary for the Kimberley area, said: "We believe there are other avenues that could have been looked at before going through this process which are going to see our members an...Read More
The agreement could mark the end of a near year-long dispute between the Central Asian state and Centerra.Read More
"The company has received the required materials to restart operations and continues to investigate any and all options at its disposal to access the materials required on a timely manner," Orvana said. The company is reviewing the impact the stoppage had on the operations and intends to provide a more comprehensive update as part of the second-quarter reporting process. The 100% Orvana-...Read More
"The final connections and test runs [which are] soon to be completed prepares us for full operation this quarter. El Penon output will be well timed to leverage the current strong metals price environment," president and CEO Alastair McIntyre said. The company noted that a total of 1,440 tonnes will be moved to the new processing site over a two-week period. To date, 400t had been received a...Read More
Chengxin Lithium, a Chinese public company, will increase its stake in Lithium Chile (TSXV: LITH; US-OTC: LTMCF) to 19.86%, up from 5%, as the Calgary-based miner plans to complete a private placement of 29.3 million shares for $27.9 million. The Chinese company will also be able to nominate two directors at the board of Lithium Chile. Chengxin has also agreed to help the company in exploration a...Read More
Shares of Grid Metals (TSXV: GRDM; US-OTC: MSMGF) witnessed a 16% increase after the company released results from two out of 11 holes it has drilled on the Northwest Dyke at its Donner Lake lithium property in southeastern Manitoba. The results, which came from the first drillholes to be conducted on the Northwest Dyke since 1955, included 13.8 metres grading 1.53% lithium oxide (Li2O) startin...Read More
As it works towards a 2023 prefeasibility study for its Val-d'Or East gold project in Quebec, Probe Metals (TSXV: PRB; US-OTC: PROBF) has announced the last set of results from its 34-hole drill program conducted last year at the Monique gold project on the property. Highlights from the 29 drill holes completed as part of the expansion drill program about 500 metres southeast of the past-producin...Read More
This week's episode features CPM Group managing partner Jeffrey Christian in conversation with host Adrian Pocobelli on the inner mechanics of the gold market and the various methodologies that can be used to estimate the size of a country's gold reserves. He also shares his surprising views on Russia's gold holdings, how sanctions may impact the global economy, as well as his outlook on precious...Read More
Albemarle (NYSE: ALB) and its partner Mineral Resources (ASX: MIN) will speed up the restart of production at their jointly owned Wodgina lithium mine in Australia to respond to "unprecedented" demand for the battery metal.The companies, which modified in February their ownership of Wodgina to make it a 50-50 split, now expect first spodumene concentrate production from Train 1 operations in M...Read More
Kinross Gold (TSX:G; NYSE:KGC) is selling its Russian assets to Highland Gold Mining for a total of US$680 million in cash, the Canadian miner said on Tuesday, a month after suspending its operations in the country.Along with needing to comply with Western sanctions against Moscow over its invasion of Ukraine, several companies with exposure to Russia have taken steps to avoid reputational damage...Read More
Did you hear about the Russian jet that crashed outside of Kyiv?It ran out of coal.Kidding.But if Ukrainian intelligence is accurate, 150 Russian aircraft have been successfully downed over the course of the war so far.And if British intelligence is correct, at least one of those jets was shot down by fellow Russians in a friendly-fire incident."We've seen Russian soldiers - short of weapons and m...Read More
Nobel Resources Corp. (TSX-V: NBLC; OTC: NBTRF) (theRead full newsRead More
NOT FOR DISTRIBUTION OR DISSEMINATION TO THE UNITED STATES VANCOUVER, BC / ACCESSWIRE / April 4, 2022 / Usha Resources Ltd. (Read full newsRead More